forex-academy

forex-academy

The following chart corresponds to the description of the flat pattern.

forex-academy

Ethereum is way overextended after near 19% price appreciation in three days, so it is expected to look for support in a projection of the BB mean.

forex-academy

Huge impulsive movement to break the lateral channel. Currently, the price touches the +3 Bollinger line, therefore it is too overbought, as traders are taking profits out of the table.

forex-academy

Bitcoin sits in the vertex of the triangle formation, so a breakout on either side should happen soon. The 50MA is above the 200MA so a bit of upward bias is present. MACD is also turning to the positive side.

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The following chart corresponds to the example of a zig-zag pattern.

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The following chart corresponds to the use of channels to identify zig-zag patterns.

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Ripple can't get enough buyers to get out of this horizontal channel. The price is supported by its 50MA and hold below its 200MA.

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Litecoin is again above the $72.4 level. The level wich initiated the heavy drop in the end of August. all TI are in tune for more advances.

forex-academy

All technical indicators show ETH is in a bullish trend. 50MA crossing 1200MA, price above both. MACD bullish and price above +1BB line. THe price seems overbought, though, so another period of consolidation is needed.

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Thee price bouncing off of the lower ascending line may trigger a new BTC advancement. The price needs to break the descending trendline (pink)

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The chart corresponds to the different types of the zig-zag pattern.

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The following chart corresponds to the zig-zag pattern of our educational article "Corrective Waves Construction - Part 2."

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This chart corresponds to the explanation of an ordinary and a strong correction structure.

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The following chart corresponds to the alternation concept in corrective waves.

forex-academy

Litecoin has made a new higher low but its price has been constrained by the $72.4 resistance. MACD and price above +1BB line confirm the positive bias, but to condider it a buy it needs to break that resistance level first.

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Ripple is consolidating its uppward candlestick. MACD still bullish and the price moves near the +1 BB line. so the bias is to the upslde. The issue is that $0.2659 is a very strong resistance level, so to be bullish I'd ask for this resistance to pierced up with a close on the 4H chart.

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Ethereum enjoyed a great weekend, breaking its $187 barrier and creating a 7% upward impulse. Currently, needs a consolidation, as the price is overextended.

forex-academy

Odd that bitcoin does not move a click when major coins are having a great weekend. The fact is technical indicators are weakening, although volume is so low that we need to see a breakout to show us a direction.